{"id":43277,"date":"2016-02-29T12:02:11","date_gmt":"2016-02-29T17:02:11","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=43277"},"modified":"2023-04-27T06:55:29","modified_gmt":"2023-04-27T10:55:29","slug":"what-troubles-me-about-this-trader","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader","title":{"rendered":"What troubles me about this trader"},"content":{"rendered":"<p>I had a conversation with a new trader today and shared my observations of his trading career.<\/p>\n<p>Here is what I liked:<\/p>\n<ul>\n<li>He has the ability.\u00a0 He possesses the ability to process information quickly.\u00a0 He has the ability to make fast decisions.\u00a0 This was clear during his firm interview and persists after his start.<\/li>\n<li>He has an outsized interest in trading.\u00a0 During mentoring sessions he is an active listener as opposed to passive and wandering.\u00a0 His AM prep shows chart review.\u00a0 He knows the key news in depth moving the market and stocks when pressed.<\/li>\n<li>He looks at markets uniquely.\u00a0 He offers new and different ideas for trades.<\/li>\n<li>He is surrounded by traders with edge to talk markets.<\/li>\n<\/ul>\n<p>Here is what gives me pause:<\/p>\n<p>Is he developing good trading habits?\u00a0 Is he doing the work required after the close and weekends to study and review markets.\u00a0 I am not saying he doesn\u2019t.\u00a0 I am saying, I am not sure that he is.\u00a0 And we will check this going forward <i>daily<\/i>.<\/p>\n<p>This conversation raises two important issues for your trading career.<\/p>\n<p>1) Are you developing the right habits so you improve each day as a developing trader?<\/p>\n<p>2) Are you held responsible for developing those right habits?\u00a0 One of the large advantages at a prop trading firm or Hedge Fund is that they will hold you accountable.\u00a0 If you are not doing the work required to grow, you will lose your seat.\u00a0 There are fifty qualified others who would love that seat and the firm will fill it with a better candidate.<\/p>\n<p>For your best trading development you need both.\u00a0 You need to be implementing best practices into habits.\u00a0 And you need someone to hold you accountable.\u00a0 One wasted day of improvement, can slip into a week, which can slip into a month, which can metastasize into a missed trading career.<\/p>\n<p><b>Related posts<\/b><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/this-trader-is-ready-to-trade-live\">This trader is ready to trade live<\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-trader-development\">The sloppy, the good, the same trader<\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-trader-development\">30 trading habits in 30 days<\/a><\/p>\n<p>* no relevant positions<\/p>\n<p><a href=\"https:\/\/tradingworkshop.com\/\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-42831\" src=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2023\/03\/smbwebinarsignup.jpg\" alt=\"tradingworkshop\" width=\"560\" height=\"266\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I had a conversation with a new trader today and shared my observations of his trading career. Here is what I liked: He has the ability.\u00a0 He possesses the ability to process information quickly.\u00a0 He has the ability to make fast decisions.\u00a0 This was clear during his firm interview and persists after his start. He has an outsized interest in &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[144,4888],"class_list":["post-43277","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-trader","tag-troubles","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What troubles me about this trader | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What troubles me about this trader | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I had a conversation with a new trader today and shared my observations of his trading career. Here is what I liked: He has the ability.\u00a0 He possesses the ability to process information quickly.\u00a0 He has the ability to make fast decisions.\u00a0 This was clear during his firm interview and persists after his start. He has an outsized interest in ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-02-29T17:02:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-27T10:55:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2023\/03\/smbwebinarsignup.jpg\" \/>\n<meta name=\"author\" content=\"Bella\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bella\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"What troubles me about this trader\",\"datePublished\":\"2016-02-29T17:02:11+00:00\",\"dateModified\":\"2023-04-27T10:55:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader\"},\"wordCount\":338,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2023\/03\/smbwebinarsignup.jpg\",\"keywords\":[\"trader\",\"troubles\"],\"articleSection\":[\"General Comments\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader\",\"name\":\"What troubles me about this trader | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2023\/03\/smbwebinarsignup.jpg\",\"datePublished\":\"2016-02-29T17:02:11+00:00\",\"dateModified\":\"2023-04-27T10:55:29+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader#primaryimage\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2023\/03\/smbwebinarsignup.jpg\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2023\/03\/smbwebinarsignup.jpg\",\"width\":800,\"height\":380},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What troubles me about this trader\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"name\":\"SMB Training Blog\",\"description\":\"Lessons from the trading desk\",\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\",\"name\":\"SMB Training\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"width\":230,\"height\":81,\"caption\":\"SMB Training\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/smbcap\/\",\"https:\/\/x.com\/smbcapital\",\"https:\/\/www.youtube.com\/user\/smbcapital\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\",\"name\":\"Bella\",\"description\":\"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.\",\"sameAs\":[\"https:\/\/www.smbtraining.com\/blog\/bellas-blog\"],\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/bella\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What troubles me about this trader | SMB Training","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader","og_locale":"en_US","og_type":"article","og_title":"What troubles me about this trader | SMB Training","og_description":"I had a conversation with a new trader today and shared my observations of his trading career. Here is what I liked: He has the ability.\u00a0 He possesses the ability to process information quickly.\u00a0 He has the ability to make fast decisions.\u00a0 This was clear during his firm interview and persists after his start. He has an outsized interest in ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2016-02-29T17:02:11+00:00","article_modified_time":"2023-04-27T10:55:29+00:00","og_image":[{"url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2023\/03\/smbwebinarsignup.jpg","type":"","width":"","height":""}],"author":"Bella","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"Bella","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"What troubles me about this trader","datePublished":"2016-02-29T17:02:11+00:00","dateModified":"2023-04-27T10:55:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader"},"wordCount":338,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2023\/03\/smbwebinarsignup.jpg","keywords":["trader","troubles"],"articleSection":["General Comments"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader","url":"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader","name":"What troubles me about this trader | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2023\/03\/smbwebinarsignup.jpg","datePublished":"2016-02-29T17:02:11+00:00","dateModified":"2023-04-27T10:55:29+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader#primaryimage","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2023\/03\/smbwebinarsignup.jpg","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2023\/03\/smbwebinarsignup.jpg","width":800,"height":380},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/what-troubles-me-about-this-trader#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"What troubles me about this trader"}]},{"@type":"WebSite","@id":"https:\/\/www.smbtraining.com\/blog\/#website","url":"https:\/\/www.smbtraining.com\/blog\/","name":"SMB Training Blog","description":"Lessons from the trading desk","publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.smbtraining.com\/blog\/#organization","name":"SMB Training","url":"https:\/\/www.smbtraining.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","width":230,"height":81,"caption":"SMB Training"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/smbcap\/","https:\/\/x.com\/smbcapital","https:\/\/www.youtube.com\/user\/smbcapital"]},{"@type":"Person","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161","name":"Bella","description":"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.","sameAs":["https:\/\/www.smbtraining.com\/blog\/bellas-blog"],"url":"https:\/\/www.smbtraining.com\/blog\/author\/bella"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/43277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/users\/144"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=43277"}],"version-history":[{"count":2,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/43277\/revisions"}],"predecessor-version":[{"id":54610,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/43277\/revisions\/54610"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=43277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=43277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=43277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}